LyondellBasell sells Sarnia subsidiary site to Shell
Resin supplier Basell Canada Inc. has sold the assets and land located at its Sarnia, Ont., site to Shell's Canadia...
Resin supplier Basell Canada Inc. has sold the assets and land located at its Sarnia, Ont., site to Shell’s Canadian affiliates.
According to parent company LyondellBasell Industries, the sales included the feed preparation unit, pipelines, propylene storage and all of the land at the site. The site also includes an isopropyl alcohol unit, which is currently owned by Shell.
LyondellBasell has carried out decommissioning activities at the 175 KT slurry polypropylene plant, which is also located on the site. Last year, the company announced that it would cease production at the plant because its operating costs were no longer competitive.
In May, LyondellBasell announced that it would stop producing polypropylene at its Morris, Ill., plant in the fourth quarter of 2008.
LyondellBasell currently operates three polypropylene lines in Pasadena, Texas, and two polypropylene lines in Lake Charles, La.
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